Amarc Resources (CVE:AHR) Stock Price Down 21.4% – Here’s Why

Amarc Resources Ltd. (CVE:AHR)’s stock price fell 21.4% during mid-day trading on Tuesday . The company traded as low as C$0.42 and last traded at C$0.44. Approximately 322,268 shares were traded during trading, a decline of 38% from the average session volume of 519,652 shares. The stock had previously closed at C$0.56.

Amarc Resources Stock Performance

The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The company has a fifty day moving average price of C$0.51 and a 200 day moving average price of C$0.29. The stock has a market cap of C$93.15 million, a PE ratio of -6.25 and a beta of 0.91.

Insiders Place Their Bets

In other Amarc Resources news, Director Diane Samantha Nicolson sold 75,000 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$0.57, for a total value of C$42,945.00. Also, Senior Officer Trevor Thomas acquired 70,000 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, with a total value of C$49,700.00. Insiders have sold 148,500 shares of company stock valued at $91,395 in the last ninety days. Company insiders own 35.62% of the company’s stock.

Amarc Resources Company Profile

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.